QUARTERLY NEWSLETTER OF ASA & ASSOCIATES LLP // CORPORATE CATALYST INDIA The last quarter of 2016, a supposedly less busy time for accounting firms. But we managed to turn “having fun” into a focused “To Do”. 25th anniversary celebrations, Diwali parties, New Year bashes and picnics – oh, we were so very busy! I read with pride and happiness those entering wedlocks, those joining the firm and those sharing their creative outcomes, be it poems, writings or artistic pursuits. Congratulations all. I was particularly fascinated to read travel accounts. I am an avid traveler. I encourage it. There is no better way to assimilate and know a culture than through travelling the unbeaten path. If in a new city or town, always visit local shops and eateries. Spend time in slow motion. Absorb the world around you. Let your eyes be your camera. You will realize far more of the undercurrent with engaging smiles and eyes than any book could show you. The joy of travel only gets exposed when you come as a tourist and leave as a local. I wish everyone, every time – happy travels. We are now in midst of hectic planning for the next fiscal year. The firm’s budgets and events are being planned. We are filling our diaries with dates and desires. We are hungry for being the best. These moments are also great for “stock taking”.I revisited my conversations with colleagues, clients and friends. Here is a net summary of these mental voyages. While we work towards becoming the best, we certainly have achieved a rare and wonderful thing. We have managed to build a “happy firm”. That already is an exceptional achievement. Well done. Keep smiling, laughing and dancing. The good moments is always-now! Best regards Ajay Sethi Volume 17 | Issue 3 October-December 2016 ASA-CCI @ GLANCE Corporate Dinner - Bengaluru To celebrate the spirit of working together, Bangalore office organized an evening to thank clients and friends for making the journey successful and pleasant. A grand dinner was hosted for clients and business acquaintances at The Lalit Ashok, Bangalore on December 9th. This year the celebrations were a landmark for us because the year marked our silver jubilee. The celebrations started with the traditional lamp lightning followed by dance performances and speeches by Ajay Sethi and P R Jayakumar. The dinner saw a big turnout with the participation of many senior professionals, business leaders, diplomats and industry chamber representatives. All guests were full of compliments for the arrangements for the evening and recounted their pleasant experiences dealing with our firm. It was indeed a warm and enjoyable evening where each one enjoyed camaradership and friendship. Corporate Dinner at Delhi The evening of November 18th saw us host the annual Corporate Dinner at Delhi. This was the first of the many dinners that happened across locations. The venue this year was Zerruco, The Ashok Hotel. A slight departure from earlier events, the dinner had a unique attraction. This was the performance by members of Ability Unlimited Foundation. And what made this performance all the more creditable was that these performers were all differently challenged! Everybody witnessed their stellar performance in awe and amazement, at how even physical challenges cannot be a hindrance to the dedicated spirit! These performers on wheel chairs weaved magic by their stunning acts. All the guests gave a standing ovation to the performing group. Later, the evening unfolded with guests enjoying the lavish spread in a spectacular setting. Singapore Visit UK Visit Ajay Sethi and Himanshu Srivastava visited Singapore from December 18-22nd for a series of meetings with clients. They also represented CCI at the Japanese and Singapore Business Forums. Cementing and s trengthening client relationships is one of the cornerstones of our professional pursuits and as a firm we leave no stone unturned to do this and indeed take pride in our relationships! The visit was focused on certain new business opportunities and meeting existing clients and new prospects. The New Year would see more action to convert these queries into more business! Rakesh Upadhyaya could not have b et ter tim e d his v isit to th e Unite d Kingdom - his Oc tober visit followed PM Modi’s visit that had led to further warming of ties between the two countries. Furthermore 2 // CONNECT post BREXIT, the new UK PM considers India as "most important and closest friend". On the business front Rakesh had a busy agenda, meeting existing clients, discussing their future plans in India, developing new contacts and building up new networks in the UK. The warm climate set the tone for a highly fruitful and successful visit that has laid the foundation for more interesting opportunities from this market. ASA-CCI @ GLANCE Seminar in Osaka Himanshu Srivastava and Ishikura san participated in a seminar held in Osaka at the Osaka Prefectural government office on November 10th. This seminar had a participation from around 25 representatives from leading Japanese companies. Himanshu was the keynote speaker and Ishikura san made a presentation about business environment for Japanese companies planning to do business in India. The seminar was well appreciated. Session at Gurgaon Branch of NIRC Sundeep Gupta addressed a seminar on ‘Place of Supply under Model GST Law’ which was held on October 07th at Gurgaon Branch of NIRC of ICAI. The seminar was attended by numerous members in profession and industry.It was an interactive session wherein audience appreciated the speaker for such a knowledge packed session and was keen to learn the concepts, which GST is bringing in. The seminar ended with a little Q & A session and audience requested to hold further sessions on this topic. M & A Worldwide Network Convention CCI played host to 42 advisors from over 30 countries at the 25th M&A WORLDWIDE International Convention held on November 17-18 at Hotel ShangriLa, New Delhi. CCI is an exclusive member of the M&A Worldwide network and organized the first ever M&A Worldwide conference in India. The annual event endeavors to bring together the member firms of M&A Worldwide, a global network M&A advisory firms to discuss potential transactions across industries and geographies. The two day convention included the GLOBAL INVESTMENT & ACQUISITIONS FORUM 2016 supported by ASA as Knowledge Partner and Mr Nalin Kohli, a distinguished Advocate and Spokesperson of the ruling Bharatiya Janata Party was the chief guest. the tone for the subject ‘Trends, Challenges & Changing M&A Environment’ at the Forum. The Forum also heard the invaluable insights and real life experiences at the panel discussions on inbound and outbound M&A from industry veterans and professionals like Bharat Kaushal (SMBC), Rajiv Vij (Carzonrent), Siddhartha Singh (NIIT), Miniya Chatterji (Jindal Steel), Ajay Tandon (CX Partners), Nitin Arora (CCI) and Yogesh Singh (Trilegal). The panel discussions were succeeded by focused B2B meetings and networking lunch where over 150 Indian corporates met the M&A Worldwide advisory firms to discuss potential opportunities in over 30 markets. The network members presented opportunities that they had to offer to elicit interest while the Indian corporates and investors explored potential abroad. The 25th M&A WORLDWIDE International Convention coincide d with the 25th anniversary of Corporate Catalyst India (CCI). The convention culminated with the anniversary celebrations at a joyous evening marked by a spectacular cultural performance by ‘Ability Unlimited’ a group of differently abled people followed by a sumptuous dinner and dance fusions from across the globe. The Forum began with the opening remarks by Ajay Sethi followed by a presentation of on Global M&A trends by Mr Bjorn Voigt, Chairman M&A Worldwide Network and a keynote address by Mr Kohli who reaffirmed the current Government’s intention to create and sustain a business and investment-friendly environment in India. He pointed out India’s continuous efforts towards policy reforms to enable ease of doing business in India. The addresses clearly set 3 // CONNECT Excellence on Technical Skills- Excel Training Session SC- TD Bangalore organized a session on “Advanced Excel Techniques’ – by Mr Shivakumar H on December 03rd at the ASACCI Training hall. Mr Shivakumar is a practicing Chartered Accountant, an expert in Excel who is also a familiar face at the Institute seminars. KOCHI The whole idea of holding this session was to enhance and improve our skills at Excel and make the best use of it in our day to day functions. The session lasted for well over 3 hours after which any further doubts or queries of the participants were addressed and cleared in a Q&A session by Mr Shivakumar. Client Clinic A client clinic was organized on December 10th on the changes in Income Tax laws subsequent to demonetization. K Nithyananda Kamath enlightened the clients on the nuances of the above subject. His observations and comments were heard with great interest by the audience. He narrated cases that gave insights into the general audit issues faced by the auditor during the audits and these cases gave ample food for thought for the clients. 4 // CONNECT TIPS SC-TD Chennai conducted a ‘Brain Storming” session - the Annual TIPS, which was a 3 day programme exclusively for the First year Article trainees. This was conducted from December 19th to 21st. The 3 day session, also gave a new meaning to the acronym TIPS – it was indeed a ‘Thoroughly Interactive and Professionally Stimulating’!! The first day started with a motivating introduction by the Partners. Then followed a few ice-breaker games and gradually moved over to real power packed knowledge sharing sessions, which covered diverse topics. These sessions were all conducted by our Managers. Two special sessions-Excel in Excel and Business Predictions and Data Analytics were conducted by ASA-CCI’s Alumni The focus of TIPS this time was also to enrich the knowledge level of articles, impart important soft-skills. The objective was to make them get a competitive advantage. This was further enhanced by involving them in games to help think out-of-the-box, negotiate better, formulate quick strategies etc. Overall the audience was extremely enthusiastic and the committed and proficient speakers also added to making the sessions highly interesting and helped all take away valuable learnings to stimulate their grey cells! CHENNAI BENGALURU TECHNICAL SESSIONS MUMBAI TECHNICAL SESSIONS Session on Tax Withholding!! The tax deducted at source (TDS) is the first way of collection of taxes. Keeping this in mind, ASACCI Mumbai convened a special TD session addressed by an expert and authority in the field of Direct Taxes – Mr Mayur Desai, a Chartered Accountant by profession. Mr Desai has 33 years of experience in the fields of taxation and regulatory advisory, compliance and representation. Of the various TDS sections, Mr Desai gave a complete gist of the section 195 which covers the tax deducted on Non-Resident payments. He explained that under globalization scenario the business boundaries are not restricted to one country but spread all over the world. Applicability and all the compliances were discussed in depth. DELHI-GURGAON There was a small Q&A session where all doubts were resolved by the speaker. On the conclusion of the session, a vote of thanks as proposed by Rakesh Upadhyaya. With an active participation and wonderful feedback from all those who were present, Mr Desai’s presentation was indeed a very useful session to all and we are waiting for more such sessions that add so much to valuable knowledge to our understanding. Speaker at BCAS Study Circle Kiran Gala, (Manager Taxation - Mumbai) chaired a BCAS study circle meet held on November 9th. The topic of discussion was “Implications of Ind-AS on Minimum Alternate Tax (MAT)”. The session was highly interactive and various issues were put forth and their possible solutions were discussed. All members participated actively putting their points of views and the intensity of the discussions was such that the session was extended by a full 45 minutes! At the end of the session, the members lauded the efforts of the chair to make the discussion so lively and provide a unique opportunity to understand more about this topic! Session on U.S. Tax Compliance issues for a Business Seminar at Study Circle Considering the global scenario and technicalities faced with respect to US Tax laws, SC-TD organized a session on December 14th on this very topic. Subroto Bose took a presentation on ‘Time and Place of supply of goods under GST’ at Mayur Vihar Study Circle of NIRC of ICAI on November 13th. The session on ‘General Overview of U.S. Tax Compliance issues for a Business’ was addressed by Ms Christine Ballard and Ms. Sheetal Sewal, Partners of Moss Adams LLP. Both the speakers have long years of experience and expertise in the field. The experts explained U.S. Tax laws, their compliances and business issues related to these. It was attended by more than 60 members. It was an interactive session which ended with Q & A. The session was very well received by everyone and the audience was highly appreciative of the knowledge shared with them. The session concluded with Q & A round in which a large number of queries were answered by the speakers. TIPS SC-TD continued presented the Training and Induction for Professional Staff (‘TIPS’) for trainees of ASA-CCI. This was aimed at sharpening their technical skills as also to give a platform for sharing of ideas, informal interactions about their aspirations and future plans, etc. All this certainly led to a healthy bonding between the participants. The workshop was held for 2 days from October 14-15 wherein trainees attended the program which was held at Smart Work Business Centre, Gurgaon. Partners from different divisions actively interacted with the trainees and imparted valuable lessons and tips on a number of technical aspects, soft skills, business etiquettes, etc. 5 // CONNECT AHMEDABAD December 31st Travelling to 100 ACRES During Christmas week, you will find everybody decked in smart casuals. The last day of the year and we all were ready to welcome 2k17 and say a healthy goodbye to 2016 by sharing some amazing gifts with lovely messages affixed to it. This was followed by a stupendous session of ‘dumb charades’ for which everybody in the room was divided into 2 troops. And surprisingly some of us turned out to be veterans of the game notching up impressive scores for their respective teams. But it was the coordination between team members and the understanding and communication that really made the event interesting! And for sure the day would lnot have been complete without yummy food, which was a real treat. This day was much talked about. It was discussed in office, during lunch breaks, at tea intervals and on phones. Yes, indeed – everyone was talking about the annual office picnic .The day when we would all be away from the laptops and calculators. . The one day devoted to fun and games alone and topped up by good food and masti!! This year, the picnic was planned at a classic resort named ‘100 Acres’. A pleasant drive all brought us to this resort. After having a sumptuous breakfast, it was the time for some real action. Volleyball, badminton, cricket, table tennis, hand soccer…the sporting activities were endless. And the dip in the pool was something that made the day more memorable. And it was really a wonder to see everyone, though not an athlete, participating and enjoying such a variety of games!Even as the sun started setting on the horizon, many of us were still full of energy while others were busy clicking the favourite ‘groupies’ for posterity. A tired body however did not prevent us from enjoying a hearty dinner spread. CHENNAI FUN n FROLIC @ ASA-CCI Diwali A tiring and stressful September had given way to an equally busy October. This was when SC-RC brought the Chennai people together to freshen and liven up. Divided into 6 teams of 9 6 // CONNECT participants each, the rounds were divided into 5 solo rounds and 2 -a-team rounds. Styled on the ‘Minute to win’ it games, the entire game kept the audience lively and on tenterhooks with each team cheering their participants. The games were as creative and it was indeed a wonderful mix of fun and competition in which Lavanya ma’am’s team came on top. Adding to the fun was Sankara Raman sir’s birthday and he distributed sweets and candies. This was followed by the Admin’s Gifts distribution function. But Wait: The fun was not over yet. All of us gathered outside our office for a session of bursting crackers and watching sky shots. A wonderful end to the season with a star studded and sparkling valedictory- quite literally. CHENNAI FUN n FROLIC @ ASA-CCI Annual Picnic To Kolli Hiils The day had started dawned bright and clear, but it was the night for whcihwe at Chennai were all waiting for! Yes, it was the time to head for our annual picnic to Kolli Hills. The journey was full of surprises from the very beginning, starting off with the RC cake cutting ceremony. Yes! Birthday Celebrations on the train... The climb was eventful, as we even stopped on the way for a surprise photo shoot. We set off for a long trek to the Akasha Gangai Waterfalls followed by a visit to Lord Arapalesswarar temple. Late evening we all collected arounda bonfire, setting the stage for a mix of loud throated songs and dances in which everyone participated in whatever manner they chose! By the end of this grueling session, each one of us literally crashed for a much needed sleep, all with pleasant thoughts of a day well spent. The next day began with the yoga session conducted by KV sir and Sundar sir who taught us a variety of poses from the Kabala bhati to Surya Namaskar. There were a number of RC events that kept everyone engrossed. In the evening, we visited a temple and saw Namakkal Hanuman in his full glory. When it was time to return we had both bitter and sweet feelings: bitter at the thought of parting but sweetened by the memories that stayed with us. To sum it up-we had had enough fun and adventure that we would cherish for a lifetime. Dussehra Pooja Also known as Vijayadasami, in South India it is seen as a day to express gratitude for success in life. Dussehra Pooja was performed in Hyderabad Office on this auspicious occasion in the presence of our popular Partner, K.Venkatraman. It was a memorable day altogether. Diwali - Festival of Lights The festival signifies victory of light over darkness, good over evil, knowledge over ignorance, and hope over despair. On November 19th, RC team brought out the champion cricketer in every staff member at Chennai office. This was when RC hosted a tennis ball INDOOR CRICKET TOURNAMENT and for a change RC team too competed. Everybody took the tournament seriously and put in regular practice after office hours! The tournament had 10 teams, divided into two groups and teams finishing at the top 2 positions after all league matches from each group qualified for the Semi Finals. Each team had 8 players of which at least 3 were women players. Live updates of toss, scores, match results and player of the match were given on a special Whatsapp group. Everyone played with a great competitive spirit and sportsmanship that ensured that almost every match had a nail biting finish. Hyderabad Office was colorfully decorated with diyas and floral rangoli. A whole lot of guess work went in to anticipate the Diwali gifts since they were not disclosed till the last minute!! At the end of the day, Team MIGHTY OURCs led by Chandru defeated Team ADENGAPPA 8 PERU to lift the Champions Trophy. Best individual performances were also rewarded. Mubarak and Sonal received the SACHIN TENDULKAR award (Player of the Series ), M. Vignesh and Sony received THE RUN MACHINE award ( Best Batsman), Ramakrishnan and Sindhumathy received THE STRIKE BOWLER award (Best Bowler), Vishwa Harsha received THE GAYLE STORM award (Most Sixes) and THE team MUSTANGS led by Vikranth won the FAIR PLAY AWARD. KUDOS to RC members for accomplishing a herculean task - the task of organising a whopping 23 matches (5 over’s a side) in a day and making sure it was a memorable day for all who were part of the tournament. 7 // CONNECT HYDERABAD RC’s Champions Trophy HYDERABAD FUN n FROLIC @ ASA-CCI Annual Tour 2k16 Strike & Pocket There is nothing like a holiday trip with your favorite people. What added to the excitement were the stunning and beautiful sceneries of Panchgani and Mahabaleshwar. Away from the hustle and bustle of city life, everyone got an opportunity to bond in nature’s lap. On reaching Panchgani, we got on to horseback to take a ride beside the beautiful Venna Lake to boost our adrenaline. Next, the sunset point proved to be a great place to relax & capture breath taking locations of the hill station and what followed were countless photos. After shopping at the local market, RC organised few games after which - we called it a day. SC-RC organised a Carrom match-One of the most popular board games that requires concentration as well as precision skills. Four teams comprising of two people each competed inthe fifteen point game. The game changer in every match turned out to be the red coin which changed the fate of the game in one strike! Everyone had lots of fun playing & sharing their childhood memories. KOCHI The next day proved to be even better- we started with the scenic Lingamala Waterfalls, which are located amidst dense forest area, followed by the unique 9-D movie experience. Later, we met and took selfies with Obama, Sachin Tendulkar, Michel Jackson, Jackie Chan, Lionel Messi and other famous personalities. HOW?? In the famous Hollywood wax museum! Thereafter, we had the yummy strawberry ice-cream made from farm fresh juicy strawberries grown in Mapro Garden. The awesome trip ended on this sweet note with countless memories and new friendships. Annual Trip to “The Pearl of the Orient” “Life is either a daring adventure or nothing”. This time, it was the cool & soothing beachs of Goa, callingthe ASA-CCI’ians of Kochi! After the much heated up audit season. SC-RC took us to Goa, which has a lot to offer to every traveller. The journey kick started on 16th of December by train followed by a sleepless night filled with fun, excitement & laughter. On reaching the Madgaon station at 11:30 am, we made our way to the Lord Shiva templeSri Mangeshi & admired the architecture & designs of the 450 year old shrine. After a heavy Konkani meal, we went to the famous landmark, UNESCO world heritage- Basilica of Bom Jesus, which contains the body of St. Francis Xavier. Later in the evening, we checked in at the Alor Holiday Resort near Baga beach, Calangute & spent the rest of the evening 8 // CONNECT enjoying the thrills & joys of the white pearl like waves, followed by a delightful dinner at the resort. The next day a visit to famous film spots was organised – the Chapora Fort & Dona Paula, from these points the view of Goa was truly a feast to our eyes. The evening was the most awaited part of the journey with all adventure sports – para sailing, jet skiing, banana boat ride & what not at the Colva beach. An evening packed with all frolic water games & merry making was the best & most memorable part of our Goa trip. We returned by train from Madgaon railway station at 9 PM & thus one more unforgettable annual trip is added to the history of ASA-CCI Kochi RC events. Cakes & Wine...... It’s Christmas!! Christmas - the spirit of giving was everywhere in the air!. The entire office decorated with twinkling stars and lights, a striking Christmas tree and crib & Santa caps heads made the setting truly extraordinary. The evening was the most exciting part when Santa came with loads of sweets and gifts. Everyone was in a full celebratory and happy mood as Christmas cakes were cut and wine was served. There was a Christmas carol singling competition as well. A lucky draw was held & lots of surprise gifts were distributed to the lucky ones. KOCHI FUN n FROLIC @ ASA-CCI Diwali MUMBAI The festival of Diwali marks the Triumph of Goodness over evil. Diwali was celebrated in our office with full- on fun & participation. The event was impressively organised and our office wore a festive look with colorful paper decorates & diyas lit up at all corners. Pooja was performed to revive the blessings of Goddess Lakshmi. Various games like rangoli competition, diya relay, etc were organised, which was followed by the distribution of gifts & sweets. The lighting of sparklers & fire crackers marked the best part of the daylong celebration. Garba Night- Maru Mann Mor Bani Thanghat Kare... ASA-CCI has been increasingly recognizing and leveraging festivals to promote employee bonding, drive a positive working environment and encourage the celebration ofthe diverse Indian culture. In diversity lies the beauty of festivals. In the same spirit, a garba night was organized by the SC-RC at ASA-CCI Mumbai. It saw the turnout of gorgeous ladies and stunning gentlemen adorned in traditional attire to take part in the celebrations. The fear of missing one’s footing on the wet ground in the rainy weather failed to dampen the spirits and zeal that night. Mouthwatering snacks added to the celebratory and festive mood as the best dancers were conferred with the titles of ‘Garba King’ and ‘Garba Queen’. Movie Time – “Dhoni” With cricket being the ‘national religion’ and obviously the most popular sport and cinema being the most popular form of entertainment in our country, what better way to create a buzz than to bring out a cinematographic blockbuster depicting the rise and stardom of MS Dhoni!! ASA-CCI Mumbai organized a movie night to relive the important moments of the journey of this megastar on the cricket field, in his biopic-“MS Dhoni, the untold story”. The movie with its seamless timeline showed the various ups and downs that were faced by the now most successful cricket captain of India aptly nicknamed Captain Cool. The movie ended with thunderous applause and a manifold increase in our affection and respect for our very own MAHI! RC Event- Rejuvenating Silvassa Trip This year the Mumbai office annual trip was organized at Pluz Resort, Silvassa. The bus journey commenced from Dadar to the accompaniment ofa lot of noise and fun activities like singing popular hits, playing dumb charades and antakshari all the way during the journey. The moment the folks entered the resort, they were all teleported to a completely new environment. Soon everybody freshened up as upcoming was exotic lunch! The indoor games freshened up the minds and the quick 1 minute games arranged by RC team were aligned. whilst most of the folks were dancing, some were sitting at the pool side and relishing. That marked the end of a fun filled day. After freshening up in the morning the folks ate yummy breakfast followed by a picture session by the aspiring young articles. Chilling in the garden area and playing outdoor games harked back the folks to their childhood remembrances. With a heavy heart and a lot of sweet memories, the folks bid adieu to the Pluz Resort. The most awaited event of the picnic was undoubtedly, the POOL PARTY. The ambience then created was beyond words to express, 9 // CONNECT DELHI-GURGAON FUN n FROLIC @ ASA-CCI Diwali Diwali Tambola started a week before the celebration day and lot of winners were announced by RC team. On Diwali day, both Delhi and GGN Offices were decorated and traditional pooja was performed in the morning. After the pooja, it was the time for celebrationsand RC organised various games in which everyone participated and enjoyed a lot and also won prizes. After the event, people relished delicious pizzas and mouth watering food. Food over, it was the turn for the distribution of Diwali gifts. Annual PicnicPratapgarh Farms Picnics are the best way to bond with family and friends. This time our picnic was planned at Pratapgarh Farms and the day was packed with lots of games, activities, food and dance. A unique holiday experience comes alive at this charming holiday village – a quiet little hamlet set in the backdrop of lush green fields and whispering winds. Many colleagues came with their family and friends and spent quality time in the lap of the nature. The entire day was truly eventful and when we returned in the evening, the happy faces said it all! Children’s Day To make this day memorable, RC collected the childhood photos of employees of ASA-CCI and then put them up as a collage to share the memories with the whole ASA-CCI family. Christmas New Year Party Both the locations (Delhi & GGN) were decorated with balloons and everybody was dressed in the theme colour for the occasion - Red and White. RC had organised the Secret Santa activity and staff members had a good timeexchanging gifts and guessing their Secret Santa. RC also ensured that everybody was presented with some goodies. The celebrations wound off in the evening with a cake cutting ceremony accompanied by a round of refreshments. The New Year party (organised in Cafe Hi5 on December 30th) was themed ‘Glow in the Dark’ and RC ensured that everybody was indeed ‘glowing’. This they did by distributing a glow on dark props. 10 // CONNECT All of us enjoyed the games, dance, drinks as the happening anchors, cheered everyone on and gave away prizes to the winners. An inter team dance competition was also organised and the partners and associate directorstoo participated in this motivating and egging on their respective teams. The competition was tough and the talent displayed was quite amazing ! After a thrilling contest, Team Compliance team won the competition and were presented goodies for their brilliant performance. BENGALURU FUN n FROLIC @ ASA-CCI Diwali Celebration Deepavali...!! Diwali is all about happiness and fun! This festival represents the triumph of light over dark, good over evil and knowledge over ignorance.SC- RC welcomed all the ASA-CCI’ians for the Diwali celebration on October 29th, dressed in their best ethnic attires. The atmosphere was warm and homely on this special occasion. The festival celebrations acted as a much needed break from the deadlines and work pressures. Cutting across all hierarchies and formalities, this was one auspicious occasions when all let down their guard and mingled freely and enjoyed a light banter and gossip. Lakshmi puja on Diwali was something that was looked forward to by the senior staff who attended it with all devotion. Of course, the crackers and nice food was definitely an attraction for all! The atmosphere in office was celebratory and everyone was in a happy and joyous mood. All the new joinees were getting acquainted to the environment and there was a lot of leg pulling going around. Each one participated in the puja celebrations, which was followed by an exotic lunch outing. Many of the boys and girls were seen bursting crackers and having fun with the team. Everyone cherished the moments spent with the office members and happily signed off for the Diwali celebrations with family members over the weekend. Dussehra and Durga Puja The festivals of Dussehra and Durga Pooja symbolize the victory of good over evil. They are celebrated to herald a positive start and success to everything we commence and for the well being of all. SC-RC Bangalore had organized Ayudha puja in the office premises on October 10th, where all the ASA-CCI’ians prayed to the Almighty and thanked him for all the bounties bestowed on us. All office staff participated and took great interest in enthusiastically decorating the office and taking an oath to work towards building a healthy work culture, discarding allthe negativity behind and create positive energies around. The whole of fice was decorated with flowers and all those present were dressed beautifully for the occasion. Sweets were distributed after the Pooja and celebrations. This was followed by a photo session. An evening party was also organized for everyone. Merry Christmas!! Christmas is the festival of expressing love, celebrating togetherness and bidding good bye to the current year and to welcome the New Year with resolutions. SC- RC had planned this Christmas party in a unique manner, with a brilliant and thoughtful idea of celebrating the occasion with the inmates of an orphanage Anatha Shishu Nivasa. The day was spent with a lot of cheer with the kids with a number of fun filled activities like laughing therapy, dancing, singing, dressing children with newspapers and staging a skit by the children of the institution. Everyone happily interacted with the children talking about their daily lives at school, their dreams and other interests. A donation was also given to the school by SC-RC as a token. Further small contributions were made by the team for food items, fruits and snacks. There was a photo session with the cute kids of the ashram and our office participants as a souvenir of our memorable visit. Annual Trip to Mangalore It was fun time for all ASA-CCI folks after a tight work schedule and various professional deadlines. The excitement of the Annual trip infact started a month before the SC-RC informed everyone about this. The destination for this year’s annual trip was the serene land of Mangalore –Malpe Beach. The Friday night of our departure was the time we were all waiting for…. The bus journey started with everyone grooving to music …..tapping their legs to all the latest dance numbers…Well into the night, while others were trying to catch up on some sleep, a few others had some weird ideas – of telling ghost stories and scaring others out of their skins as the bus made it way through pitch dark night negotiating its way in the ghats. These guys had certainly chosen their timing well, for their spooky entertainment! We reached the resort “The paradise Isle” early morning. What a fantastic location and sight welcomed us! The resort was right opposite the beach…and we just could not take our eyes off the fascinating expanse of water! The first day started with a ferry ride for an exotic island tour. We spent most part of the day there. On return there was more fun in store. The DJ night beckoned everyone on the dance floor and soon the entire group was swinging to the music. The dance and the merriment went on past midnight. The next day had something adventurous in store for us. These were the water sports. all kind of bumpy rides like banana ride, jet-ski and parasailing had our adrenaline pumpint! We followed this with a visit to the lighthouse. It was a panoramic view of the splashing wavers, the sun going down on the horizon and the body of blue water stretching as far as our eyes could see. This brought down the curtains on our wonderful trip and we started back to Bangalore. The enthusiasm and energy in each one of us had grown manifold after this exciting visit and all the way back, we played Antakshari and other games to keep alive the spirit of joy and happiness. 11 // CONNECT FUN n FROLIC @ ASA-CCI A Traverse From Namaste To Moshi-Moshi Name: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Across Down 1. 2. 3. 8. 9. 11. 13. 15. I am the sacred most mountain of Japan. All the other satellites in India were launched after me. Belonging to Japan i be the most famous paper folding art in the world. I own a dark green plumage, violet neck,red face and dark green tail, I am Japan's national bird. The Japanese ones hardly eat food without me, for the unknown ones they call me 'two sticks for eating'. Mera _______ mahan. I am the national anthem of India. They call me a wonder and most beautiful token of love in India, i am the ivory white marble mausoleum. 4 . I am the most famous Japanese food made of raw fish and rice. 5. I am the largest democracy in the world. 6. I am the traditional most sport of Japan.You must have seen me being played by bulky men of Japan. 7. Being located in the pacific ocean I am an Island nation in the East Asia. 10. No bird in India stands prettier than me. 12. For playing me you require curved sticks and a ball, i be the national game of India. 14 . The act on national flag & anthem in 1999 recognised me as the official national anthem of Japan. * Refer To Last Page For Key Puzzle Answers 12 // CONNECT RE-LIVE A MOMENT The Digital Launch of ASA-CCI 13 // CONNECT CHENNAI RE-LIVE A MOMENT Dubai Trip My family and I visited Dubai and Sharjah for a week. The first thing I noticed there was how disciplined everybody was on the road; there was absolutely no honking! Imagine that! The twin cities are filled with highrises. The weather there was similar to Chennai except that there was no humidity even when the sun beat down. We visited the Burj Khalifa (obviously), the 125th floor to be precise. It was quite a view! At the exit, on display was the Aston Martin car used by Daniel Craig in one of his Bond films! Went on a desert safari, my favorite part of the trip (Those guys have mad driving skills) and a not so pleasurable ride on a camel. BENGALURU After that we had the privilege of witnessing a top notch performance of fire dancing. We also visited the Dubai mall which is home to an aquarium filled with sharks and sting rays! It also has an ice rink upon which artificial snow falls from the roof; I didn’t skate though. Udupi Trip Experience There is a saying “A well planned job is as good as half job done”. Similarly a well planned trip is as good as half the enjoyment!! To celebrate and attend the marriage of our colleague Suresh. J. Rao, we planned a 1 day/2nights visit to Udupi, a beautiful city along the Coastal South Canara district of Karnataka. We made sure that the bus tickets were booked well in advance for a comfortable night journey. The bus journey was very enjoyable and we stayed up almost till 3 AMreliving the funny moments in office during an otherwise busy audit season. The way through the curvy Western Ghats section was no less than a roller coaster ride, until we reached Udupi. Udupi being a foodie’s destination, we made sure we feasted on those delicious Mangalore buns, Masala dosas & sweet tender coconut for breakfast! Then we headed straight to the marriage hall. It was a rather sleepy but bumpy ride in the bus, thanks to the Udupi 14 // CONNECT We peeped inside the ‘Dragon Mart’, another mall, which apparently looks like a dragon when viewed from up high! It extended upto miles! Last but not the least; I got the chance to take a real close look at all those fancy cars I had driven in the ‘Need for Speed’ games. Overall, the experience can be described in one word i.e. Awesome! Vasanth K Bus drivers who made the journey to Udupi look like F1 Formula Race! Suresh’s marriage was performed in traditional south Canara customs. We all congratulated the newly married couple before feasting on the tasty and sumptuous lunch! In the evening, we spent our time at Padubidri beach near Udupi, enjoying the beautiful sunset. It was a real fun time on the beach withthe showcasing of extraordinary talent of mimicryby Vinay and a music competition between Vinay & myself which we all enjoyed heartilty!. Shankar who is well known for his sense of humour kept all of us in splits entertaining us throughout the trip. We started back to Bangalore with all the good memories that we will cherish for the years to come. Sri Hari Bhatt MUMBAI RE-LIVE A MOMENT Paris Trip The snug neighborhood bistros take great pride in serving exquisite food, invariably with the finest wines. The fashion capital of the world always remains at the forefront of international trends, from designer boutiques to vintage shops and flea markets. As luck would have it, my sojourn in France happened a couple of weeks after the shocking terrorist attack in Nice. I was about to call off my trip assuming a gloomy and mournful mood which was understandable. Many people, if not all, end up shopping around the most glamorous avenue, Champs-Élysées- but if you Uber a bit to the outskirts, you’ll end up being at La Vallee Village which has the best designer outlets offering fantastic discounts. Throwing caution to the wind, my wife and I still decided to go ahead with the choc-abloc schedule for the days ahead. Serpentine immigration queues and tight security greeted us as soon we touched down and we were pleasantly surprised as Paris certainly lived up to its reputation of being a top tourist destination despite all odds. The city exudes style, awe inspiring grandeur but what I adore most about the city is its intimacy. A cruise through the Seine in the evening with the splendid Eiffel Tower in the background was a sight to watch. With Parisians enjoying their music on lamplight bridges spanning across the Seine, the scene gets indelibly etched in the minds From Go Goa Gone to Goa is Onnn... Ten of us, all article trainees - Dishank Doshi, Chintan Desai, Romil Doshi, Jay Joshi, Darshana Duggad, Priyanka Gandhi, Ritika Shah, Khushali Vakharia, Dhruv Kothari and Jatan Sanghavi decided to go to Goa and planned the trip in detail a couple of weeks in advance. With our leave sanctioned, our Goa trip was very much on…The troupe left Mumbai starting the 17 hour journey at night and reached Goa the next day afternoon. Tired and hungry, we all wanted to relax in the resort. of anyone who has visited the city and remains a fantasy for those who hasn’t. Paris, however, is just not about the quintessential architecture or the artistic treasures which by the way has some of the best works of Picasso and Van Gogh but also for its voguish shopping, fine food and wine. I’m glad my wife discovered it and even more because she did it just a few hours before our return flight..Sigh!! Though we covered the entire French Riviera-from the beautiful hill top village of Saint-Paul de Vence to the incredibly snobbish towns of Monaco & Cannes, Paris stands out as it constantly tempts you to discover and rediscover its hidden corners with its ever evolving character, one can never have enough of it! Bonjour!! Hemant Agnihotri energy! After clubbing throughout the night, And like all good things must come to an end, it was time to witness the glorious sunrise at so did our trip - but what remained behind Baga Beach again. was tons and tons of memories which will be The plan for Day 2 was to go to Panjim City and Old Goa which was a 30 km ride. ,Nevertheless the beauty of nature all along the way kept us cherished by each one of them throughout their life. Priyanka Gandhi spellbound and compensated for the long distance. The night of Day 2 called for another party, another club – Club Cabana. Again it was time for sunrise but this time at the Anjuna Beach. After returning to the resort, wepacked our bags and got ready to checkout. The agenda for day 3 was to visit the Museum and the Goa Fort. But to our disappointment the resor t was nothing but a nightmare! We had to Thereafter, we we started our homebound thereforehead to Baga Beach where the mood journey and reached Mumbai early next changed. Here, the recent obsession with the morning all set to tackle the Monday morning “Samandar se kabaddi” unfolded. blues which we did! The days in Goa were splendid, magical and rejuvenating. Next up was LPK – Goa’s most celebrated night club. What music! What a crowd! What Goa was very beautiful and peacefully relaxing. 15 // CONNECT KNOW YOUR MATE BENGALURU Namruta Ramesh Namruta Ramesh, is an extremely shy, reserved and a wonderful soul filled full of love and kindness for everyone. Namruta joined us only a few months back. KOCHI Although outwardly she is an introvert, with a calm and composed personality, once you befriend her you come to realise that she is a very the most amazing person to be with. Namruta is fond of music and is an avid movie goer. She tends to keep to herself; however, she can be very open when the situation demands. She is particularly a big fan of the Star Wars saga and could not stop gushing about the most recent version. At work, she is hard working, persistent, and always keen to learn and opens to new ideas. She has worked with us only for a short while, but during this period itself it has been a pleasure knowing her and surely we will get to know more about her in the coming years. Sreevidhya V Pai (we must take note that she is a mother of a naughty cutie baby… shhhh). Peppy, zippy Sreevidhya is a 24/7 live wire. An excellent multi-tasker, she handles every task that she is involved in with utmost sincerity and dedication. As the name suggests, she is the Goddess of knowledge (Saraswathi) and lives upto her name in ASA-CCI Kochi. She has a solution for any question put to her. She makes anything and everything look simple with her magical fingers. She makes you feel that there is more than one Sreevidhya in the office - because she is involved in so many things, yet smilingly and untiring finding a solution to all tasks.. The Assurance department’s cornerstone, Sreevidhya has also worked for SC-RC Kochi during the year 2015-16 and had been doing wonders with a variety of exciting events that ASA-CCI Kochi has never witnessed earlier. Gayatri S Prabhu Upasna Sunder Gayatri S Prabhu is the name which itself depicts goddess Saraswati (The Goddess of Knowledge, Wisdom, Arts). She has been inspired of Raja Ravi Varma who has managed to accomplish a beautiful unison of the Indian traditions with the techniques of European academic art. There is no limit to nature in this universe; so also, there is limit to personal skills. All this while, we had discovered various talents in our friends - from singing, dancing, photography, to being writers and poets. But this time it was quite a different and new form of creativity displayed by our friend and colleague Upasna Sunder -“Teracotta Jewellery and Polymer Clay dolls”. Gayatri has gained expertise on Mural Paintings, Oil on Canvas and Worli Art (Beautiful folk art of Maharashtra). She is a self-reliant artist and talented from her birth only to execute her own innovation and imagination without any formal training. She is equally comfortable in Jewellery making and cooking as well. Usually many of us do not realise our inner talents and wonder if we spend our leisure time usefully. But Upasna Sunder is quite different. She utilizes these free hours for her passion of clay and making terracotta accessories. While waiting for her CA final results, she started pursuing her interest of making terracotta jewellery and clay dolls by following the tutorials from YouTube and other online sites. Initially she started with plaster of paris but later, after doing a lot of research, she discovered terracotta clay and polymer clay and started using them. Her creativity does not end here; it is so exciting to know about her idea of showcasing the creation to an audience of various age groups through social media. In addition to it she also makes the products as per customer’s specifications on demand. 16 // CONNECT Even with the hustle and bustle of her daily life and keeping with all professional commitments, she has never let her love for her passion fade away. She also spends her time with young kids helping them in nurturing their artistic skills on weekends. To our surprise she says, “Art is my passion and I will always continue with the creative ideas and try to balance my profession and her passion”. We on behalf of the ASA-CCI family wish her good luck and success for all her future endeavors. For more information, please visit her Facebook page - ‘Upasna Creations’, like the page and book your orders. BENGALURU KOCHI TALENT UNFOLD Monsters Regret replaces instead I get through But in my heart, in my head I know the truth Failure is etched everywhere I try to look past, I dare But all I see are fake concerns Hurting me more than the burns. Cutting through my hand I relish the pain In the end I know where I stand So I do it again I break each mirror I see I no longer can bare the view My monsters now control me For I’ve always known the truth. Shijoy Joy Forever.. And maybe I'll learn to live, And I will learn to be strong. And you will be in my heart, To forever hold on. You may not be with me, But I feel you here. You may not be with me, But its like your always near. I feel you hold me close, wipe my tears. And for me the time has froze, And here you're always near. And maybe I'll move on, Maybe I’ll find another love. But always your right here, And am pulled from now. I wish I could catch up with you someday, To the place you ran off to. And maybe one day, We will be able to start anew. Aaaah all this wishful thinking, These meaningless dreams. Maybe they'll one day come true Come true cause we were always meant to be.... AVAM Think. Express. Change A single Rose can be my Garden, There was a unified struggle, a fight for a common cause, a cause which was shared by all, where there was oneness amongst minds, to attain freedom. But, if those fighters were alive today, they would have procrastinated the fight, not out of laziness, but to allow our society to mature and ripe. A Single Friend my World. Having attained freedom, Have we really lived up to the expectations of those who guided us? Let us sit back and introspect, let us ask our conscience for once. The Great Subramaniam Bharati through many beautiful Tamil poems and songs called for unity amongst cultures, to bridge the divide, break the shackles and venture into a society where everyone is treated equally and respected. If one regularly attends Carnatic concerts, Bharati’s work s are sung and playe d melodiously, set to different ragas and talas and which are expected eagerly to be integral part of the concerts. But have we stopped there? Have we moved further? How far have we been to make this holy thought take concrete shape? Mohandas Karamchand Gandhi was a great patron of the SWADESHI ideology But how many of us are ready to shell out extra notes, to acquire indigenous goods? Have we become blind to those notes, or we conveniently ignore that they actually have SWADESHI ideology inscribed in them, manifesting as Gandhi's picture. How many of us are not fascinated by the mere prefix 'Imported'? How far have we been to enable this holy thought take a concrete shape? The Phules, amidst stiff opposition, oppression and in spite of being outnumbered, maneuvered and put in perspective the principle of gender equality. It is often deduced that Best Friends are made during School days, who knew their Journey would be Different. From 2011 to 2016 From a Babbler to a Listener From a Juvenile to a Pamperer From a Thrilled to a Calm From an immense chocolate lover to a hater From twinning to Winning From Backing to Love From each Latitude to Longitude From Whatsapp Status to Email Passwords From self to finding a second Self From Kejal –Esha to Buddy-Champ of ASA From each “From” to each “To” is their Ravishing Expedition of Friendship. They Hold Pride to be at the Epitome of Friendship. All and Sundry at rock bottom need one living soul with whom they are non-aligned and True to life. “KEsha” itself senses Immense Joy. The same is what you perceive when you see this Duo Kejal & Esha. Their bond does justice to each synonym of Friendship you find in any Dictionary. The real test of Friendship is whether you can do actually Nothing with the Person; and these two enjoy the utterly simple moments of life. They have proved all these years that ultimately the Bond of all Companionship is Conversation. Guys…Look at them and you will indeed understand Friendship is all about “You can count on me like 1..2..3.. and I’ll there and I Know when you need me you can count on me like 4..3..2.. and I’ll be there because that’s what Friends are Supposed to do..!!” Ritika Shah How far has this principle penetrated the narrow lanes of our rural union; which actually portrays India ? These examples are just drops in the ocean full of oxymoron, torch bearing thoughts as against actions Let us again sit back and continue individually, look for more such examples and analyze. The ball being in each individual's court. It’s time for us to invoke those fighters within us, but this time not to fight a foreign power, but to fight our foreign mindset. Jai Hind Hariharan Iyer 17 // CONNECT MUMBAI KOCHI FROM YOUR DESK WHO'S NEW @ ASA-CCI KNOW YOUR MATE Delhi/Gurgaon Trainee Compliance Ahmedabad Trainee Compliance Bengaluru Chennai Hyderabad Trainee Compliance Trainee Compliance Senior Assurance Senior Assurance Shivangi Khandelwal Ahmad Raza Rahmani Akhilesh Kumar Saha Amini Kathuria Manika Chaudhary Rahul Dhoulakhandi Trainee Compliance Senior Compliance Admin Manager-Accounts Trainee Taxation Trainee Rakshit Rustagi Ravi Kumar Sanjay Sharma Satish Kumar Sheena Hirani Sonal Verma Asstt. Mngr. Senior Assurance Senior Compliance Compliance Assit.Mngr. Senior Assurance Ramesh Kumar Vaghela Sagar D Shah Somanatha Reddy M Bus. Advis. Assit. Mngr. Compliance Parth D Solani Compliance Consultant Bus. Advis. Takuya Yokoyama Vinayak Goyal Senior Compliance Trainee Assurance Trainee Assurance Senior Taxation Trainee Assurance Senior Prashanta Kumar Behera Gayathri M Gopikka S Hanjana Lakshmi S Manikantan M K Mohanraj Asst. Manager Assurance Senior Manager Taxation Dep. Manager Taxation Manager Assurance Senior Assurance Asst. Mngr. Assurance Muralidhar Patra Naveenkumar M Saji V Paulose Sounder Rajan SP Enaganti Srinivas Reddy Koteswara Rao Kambala 18 // CONNECT EDP WHO'S NEW @ ASA-CCI Kochi Mumbai Trainee Assurance Trainee Arshad C Trainee Jigar Suba Taxation Taxation Admin. Office Assistant Admin Off icer Iylin Stanly Rajalakshmy M Sharon Antony Senior Assurance Assit. Mngr. Compliance Nayan Dedhia Rahul Patel Senior Assurance Exec. Partner Assurance Ashish Chaubey Vaijayantimala Belsare Senior CONGRATULATIONS & CELEBRATIONS Kiran Desai with Supriya Desai It' s Pooja Nagpal with Sumit a Bo y Viraj Chauhan S/o- Neeraj Chauhan ( Delhi) It' s a Da u gh t er Prahi Khandelwal It' s D/o- Prachi Gupta (GGN) a Bo y Daiki Ishikura’ S/o- Ishikura san (Delhi) It' s a Da u gh t er Pranav D/o- Vijay MV ( Bengaluru) Sandeep Chary It' s with Manohari a Da u g h te r Sai Shree D/o- Padma DV ( Bengaluru) Aditya Dut t with Tanya Suresh J Rao with Shruthy 19 // CONNECT Admin Week- Employee Appreciation Program An idea of Celebrating “Admin Week – Employee Appreciation Program” every quarter is a wonderful initiation by SC-Admin. The objective is to create a clean and healthy work ecosystem, organized work culture, excite the team for better performance and increase of efficiency. 5. Consciousness about saving electricity, saving paper or can say cost saving in various other things which includes like cab booking, courier, print etc. To encourage and achieve the above idea, as a process of recognition the winners are awarded as “ASA-CCI Pride” across offices. One male & one female employee are to be declared as winner from each location based on their performance on above mentioned parameters. Key parameters set to judge the performance are: 1. 2. 3. 4. Desk hygiene Following dress code General conduct-Attendance, etc. Punctuality with respect to booking conference rooms Madhusudhana Shyam Ramakrishnan Gaurav Mahajan Bangalore Delhi-GGN Delhi-GGN Krishna Sai Aalwin George Maria Varghese Hyderabad Kochi Kochi Winners of the Title ‘ASA-CCI Pride’ for each location are as below. We wish them hearty congratulations for the efforts and good luck to everyone in future. Kanika Mathur Rashmi Mathur Archana Kabra Babu Mudaliar Hitesh Jain Kiran Hathalia Delhi-GGN Mumbai Delhi-GGN Mumbai Hyderabad Mumbai * Key to Crossword Puzzle: 1. MountFuji, 2. Jana Gana Mana, 3. Taj Mahal, 4. Sush, 5. India, 6. Sumowrestling, 7. Japan 8. Aryabhatta, 9. Origami, 10. Peacock, 11. Green Pheasant, 12. Hockey, 13. Chopsticks, 14. Kimigayo, 15. Bharat. Feel free to mail your suggestions and feed back @ [email protected] www.asa.in Published at New Delhi Office: 81/1, 3rd Floor, Adhchini, Aurobindo Marg, New Delhi 110 017. Tel (91) (11) 4100 9999 Editorial and Content Team: Sateesh, Tushar, Akansha, Talha, Vasudha, Isha, Nidhi, Yeeshu, Roopam, Abhinav, Heta, Pooja, Monalisha, Nagabhushan, Shrawani, Padma, Soumya, Fatima, Swati, Ritika, Malay, Vidhi, Priyanka, Puja, Jigar, Ema, Shijoy, Shahul, Divya, Vyshakhi, Anand, Lokesh, Naveen, Shrada, Dinesh, Tulasi Design Team Keshav, Siraj Ahmed and Sandeep Singh 20 // CONNECT www.cci.in *For internal circulation only
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